QUOTE(BoomChaCha @ Sep 29 2011, 01:31 PM)
Yes, we can only get this 5% promotion rate by
opening a Standard & Chartered Bank saving account in between
1 October 2011 and 31 October 2011. Depending on how soon we can open the account with Standard & Chartered Bank.
5% interest will calculate the average deposit fund on daily basis until 31 December 2011.
Interest will calculate in between the date we put money in and the date we make withdrawal anytime during 1 October 2011 until 31 December 2011 (calculate 5% interest rate p.a. on daily basis).
But bear in mind that 5%% interest will only pay in 3 working days after 31 December 2011.
Minimum placement is RM 3K to maintain the account (will pay 5% interest on it)
Maximum placement is RM 500K per account
So let's say u deposit 3k on 1st Oct and withdraw on 3th Jan (after 31 dec 2011)
how much interest u gain?
RM12.5 per month X 3 = RM37.5
the interest paid is month basis or daily basis?